If a Company Has Assets of Over $10 Million but Trades

question 88

Multiple Choice

If a company has assets of over $10 million but trades its stock over the counter, it is nevertheless required to comply with the 1934 Act if it has:

• A) 500 or more shareholders.
• B) one class of stock with 500 or more shareholders.
• C) 500 or more shares of stock outstanding.
• D) 500 different investors.

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Definitions:

P-Value

A statistical measure that helps determine the significance of results. It represents the probability that the observed data could have occurred under the null hypothesis.

Loaded Die

A die that has been tampered with to produce a biased outcome, favoring certain numbers over others.

P-Value

The probability of obtaining a test statistic at least as extreme as the one that was actually observed, assuming that the null hypothesis is true.

Null Hypothesis

A hypothesis used in statistical testing that suggests no significant effect or association between variables, often symbolized as H0.